Capital and Labour in Japan : The Functions of Two Factor Markets
Toshiaki Tachibanaki, Atsuhiro TakiISBN: 0415226236;
Capital and Labour in Japan investigates the working of the capital and labour markets in Japan both theoretically and empirically. The working of the two factor markets - capital and labour - affects the Japanese economy and its firms. Both markets contribute to production, and production is more efficient when these two markets function well. The supply-demand relationships (of labour and capital input) determine the outcome of markets. This book investigates whether or not the function of these markets has been efficient in the past, to enhance the competitive power of the Japanese economy, and what changes the future might bring.
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